Structural Steel Market is likely to reach $500 billion by 2026
As per the market analysis,structural steel is widely used in the construction of bridges,institutions and health buildings.
It provides a solid structure which complies with environmental regulations.
It is also used in the on-shore and offshore construction,growing oil and gas activities around the world are likely to cater product demand.Rising consumer inclination towards better construction materials may boost the structural steel market share.
Non-residential application segment is anticipated to grow over 5.0% by the end of 2026.
The product owing to its good tensile and shear properties are used in several non-residential sectors including institutional,offices,commercial, and health buildings.Robust demand for office developments and renewed public-sector commitments for funding health and education facilities will spur the Structural steel market growth.
North America is anticipated to witness strong gains, rising over 40% CAGR,owing to the increasing number of skyscrapers in the US.
These structures save cost & time and utilizes resources to replace conventional building materials along with adopting innovative construction methodologies.
Robust government investments infrastructural and non-residential construction support the growth of structural steel market size in this region.
WANTAI’s ability scope for steel structure of RESIDENTIAL BUILDING:
Design︳Fabrication ︳Surface Treatment︳Detailing︳Packing & Delivery Solution. Sub- contractor
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